{"id":322328,"date":"2021-06-13T18:42:06","date_gmt":"2021-06-13T18:42:06","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=322328"},"modified":"2021-06-13T18:42:06","modified_gmt":"2021-06-13T18:42:06","slug":"valu-wins-an-award-at-entrepreneur-middle-easts-leaders-in-fintech-awards-2021","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/06\/13\/valu-wins-an-award-at-entrepreneur-middle-easts-leaders-in-fintech-awards-2021\/","title":{"rendered":"valU wins an award at Entrepreneur Middle East\u2019s Leaders in Fintech Awards 2021"},"content":{"rendered":"<p><span style=\"text-transform: initial;\">valU Consumer Finance, Egypt\u2019s consumer financing platform, has been recognized as the \u201cBest Buy-Now Pay-Later Platform\u201d at the Leaders in Fintech Awards<\/span> 2021,<span style=\"text-transform: initial;\"> hosted by Entrepreneur Middle East. <\/span><\/p>\n<p><span style=\"text-transform: initial;\">valU was recognized for its outstanding achievements and growth performance, with over 170,000 users now registered on the platform and over 400,000 transactions in excess of EGP 2 billion conducted since inception. It has grown over threefold in 2020 and 200% year to date in 2021 as of May.<\/span><\/p>\n<p>\u201cWe are pleased to be named the leading Buy-Now Pay-Later platform in the MENA region by Entrepreneur Middle East, a testament to valU\u2019s ability to capitalize on many growth opportunities, particularly ones that 2020\u2019s lockdowns have offered in the online purchases segment,\u201d commented Walid Hassouna, CEO of the NBFI platform at EFG Hermes. \u201cI am proud of our performance that was strong enough to not only considerably expand valU\u2019s teams, services, and revenues, but also put us in the lead as a unique fintech solutions provider. Our adaptive presence and distinctive market insight are propelling valU forward, and we will continue to uphold standards and operations that fuel the company\u2019s expansion and solidify its market-shaping presence. On a larger scale, the Firm\u2019s non-bank finance services are now more diversified than ever and will regularly aim to provide clients with a service offering that covers all their financial needs.\u201d<\/p>\n<p>With increasing advancements and the growing penetration of digital solutions among diverse consumer bases, opportunity is now at an all-time high for online financial service provision. Today, providers must explore different solutions that extend financial access to the underserved and unbanked community segments. It has also become essential for them to recognize the importance of comprehensive offerings, and the fact that e-payment tools are one arm of a multifaceted digital finance institution that serves consumer finance. In addition, many more offerings alongside payments present extensive opportunity for the creation of holistic platforms, and regulations are constantly evolving to govern and regulate a transparent and efficient fintech future that protects consumer rights and makes financial inclusion a more tangible reality.<\/p>\n<p>\u201cOur search for companies that are leaving indelible marks on the MENA fintech ecosystem placed valU at the forefront of solution providers in the region, due to its ability to effectively strategize, plan, and execute changes in response to ever-shifting consumer needs,\u201d said Wissam Younane, CEO of BNC Publishing. \u201cWe are glad to present this award to valU in recognition of its contributions to this growing sector and hope that this is but one of its many steps toward increasing financial access and inclusion through digitization across MENA.\u201d<\/p>\n<p>The company\u2019s innovative fintech platform was previously recognized as the \u201cFintech Innovation of the Year\u201d\u00a0at Terrapin\u2019s 2019 Seamless Awards, one of the leading annual tech and innovation awards for the finance, retail and ecommerce industries. It was also awarded the \u201cFintech Innovation in Egypt\u201d award at The European\u2019s Global Banking and Finance Awards 2020, and the \u201cPayments\u201d Award at the E-Commerce Summit 2019.<\/p>\n<p>valU\u2019s contributions to the fintech ecosystem have expanded even further since, with the company seeing a near-triple-fold growth in its revenues y-o-y to EGP 56 million in 1Q21. It has continued to grow its e-commerce service offerings in 2021, and is currently introducing its online shopping platform Shop\u2019it, a one-stop-shop for multiple purchases from diversified vendors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>valU Consumer Finance, Egypt\u2019s consumer financing platform, has been recognized as the \u201cBest Buy-Now Pay-Later Platform\u201d at the Leaders in Fintech Awards 2021, hosted by Entrepreneur Middle East.<\/p>\n","protected":false},"author":4,"featured_media":322329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[371],"class_list":["post-322328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-vaiu"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>valU wins an award at Entrepreneur Middle East\u2019s Leaders in Fintech Awards 2021 - 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